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Crawler Crane Market Share

Report ID: GMI2960
Published Date: Nov 2024
Report Format: PDF

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Crawler Crane Market Share

Crawler Crane Company Market Share, 2024

Liebherr, Manitowoc, and Zoomlion collectively held a substantial market share of 30% in the crawler crane industry in 2024. Liebherr, a leader in crane innovation, focuses on advanced automation and environmentally friendly technology, aligning with global sustainability trends. It offers diverse lifting capacities and telematics systems, emphasizing reliability in large-scale infrastructure projects. Manitowoc, known for compact, mobile designs, emphasizes customer-centric solutions and flexible product lines, appealing to a wide range of construction and industrial applications.

Zoomlion's competitive edge lies in cost-effective, versatile crawler cranes suited for emerging markets, backed by continuous expansion in digital and automation technologies. Its strategic positioning in the Asia-Pacific region and focus on robust lifting capacities meet high-demand construction and energy needs, enabling growth in cost-sensitive markets.

Crawler Crane Market Companies

Major players operating in the crawler crane industry are:

Hyundai Construction Equipment
Kobelco
Liebherr
Manitowoc
Palfinger
SANY
Sumitomo Heavy Industries
Terex
XCMG
Zoomlion

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market for crawler crane was reached USD 3 billion in 2024 and is projected to grow at a 5.2% CAGR from 2025 to 2034, driven by increasing urbanization and infrastructure development.

The segment for crawler cranes below 50 metric tons accounted for 34% of the market share in 2023 and is expected to exceed USD 1.4 billion by 2034, due to their versatility and ease of transport in urban construction and small-scale projects.

The construction segment held 32% of the market share in 2024, led by the adoption of crawler cranes with enhanced lifting capacities and safety features for high-rise and complex infrastructure projects.

The North America crawler crane market accounted for a 36% share in 2024 and is set to cross USD 1.9 billion by 2034, led by rising investments in renewable energy projects and infrastructure revitalization plans.

Key players in the crawler crane market include Hyundai Construction Equipment, Kobelco, Liebherr, Manitowoc, Palfinger, SANY, Sumitomo Heavy Industries, Terex, XCMG, and Zoomlion.